Shirin Sultana

Ms. Shirin Sultana


Research Focus & Metrics

Academic Career Length

3Years (2024-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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23 May 2024 in Information
Verified
Journal Article
Open access
PDF file
SNSM Nuruzzaman Nobel
SM Nuruzzaman Nobel
SSShirin Sultana
Shirin Sultana
SSSondip Poul Singh
Sondip Poul Singh
SCSudipto Chaki
Sudipto Chaki
MMMd. Julkar Nayeen Mahi
Md. Julkar Nayeen Mahi
MWMd Whaiduzzaman
Md Whaiduzzaman
Recognizing fraudulent activity in the banking system is essential due to the significant risks involved. When fraudulent transactions are vastly outnumbered by non-fraudulent ones, dealing with imbalanced datasets can be difficult. This study aims to determine the best model for detecting fraud by comparing four commonly used machine learning algorithms: Support Vector Machine (SVM), XGBoost, Decision Tree, and Logistic Regression. Additionally, we utilized the Synthetic Minority Over-sampling Technique (SMOTE) to address the issue of class imbalance. The XGBoost Classifier proved to be the most successful model for fraud detection, with an accuracy of 99.88%. We utilized SHAP and LIME analyses to provide greater clarity into the decision-making process of the XGBoost model and improve overall comprehension. This research shows that the XGBoost Classifier is highly effective in detecting banking fraud on imbalanced datasets, with an impressive accuracy score. The interpretability of the XGBoost Classifier model was further enhanced by applying SHAP and LIME analysis, which shed light on the significant features that contribute to fraud detection. The insights and findings presented here are valuable contributions to the ongoing efforts aimed at developing effective fraud detection systems for the banking industry.